Caixin China Composite Purchasing Managers Index (PMI)

Country:
China
CNY, Chinese yuan
Source:
Sector:
Business
Medium 54.0
55.3
Last release Importance Actual Forecast
Previous
54.0
Next release Actual Forecast
Previous
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China's Caixin Composite Purchasing Managers Index (PMI) is an indicator of nationwide manufacturing activity, which reflects private sector business development trends. The study is sponsored by Caixin and is conducted by IHS Markit. It focuses on smaller and medium-sized companies to fill a niche uncovered by the official data. Data is collected from a survey of a representative group of 400 companies.

Purchasing managers can sometimes track changes in market conditions earlier than other company employees, since purchases precede a company's production activity, so those among the first to notice the changes are those responsible of purchases. Purchasing managers are among the first to notice such changes.

Purchasing managers complete a questionnaire, in which they assess the basic parameters of their work: input and output prices, employment, production, new orders, etc. Survey participants provide relative estimates, that is, if the data is up, or if the data is down or if the data remains the same. Individual subindices are calculated based on these answers. These subindices characterize inflation, employment and other key indicators of economic activity. The responses are collected in the second half of each month.

The final index is calculated by adding half the percentage of "unchanged" answers to the percentage of answers that evaluate the current level as "higher". Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

Chinese PMI is closely monitored around the world, because China is the second largest economy and the largest metal consumer and producer. PMI growth is an indicator of favorable market conditions and can be seen as positive for the yuan.

Last values:

actual data

The chart of the entire available history of the "Caixin China Composite Purchasing Managers Index (PMI)" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Jul 2022
54.0
55.3
Jun 2022
55.3
42.2
May 2022
42.2
37.2
Apr 2022
37.2
43.9
Mar 2022
43.9
50.1
Feb 2022
50.1
50.1
Jan 2022
50.1
53.0
Dec 2021
53.0
51.2
Nov 2021
51.2
51.5
Oct 2021
51.5
51.4
Sep 2021
51.4
47.2
Aug 2021
47.2
53.1
Jul 2021
53.1
50.6
Jun 2021
50.6
53.8
May 2021
53.8
54.7
Apr 2021
54.7
53.1
Mar 2021
53.1
51.7
Feb 2021
51.7
52.2
Jan 2021
52.2
55.8
Dec 2020
55.8
57.5
Nov 2020
57.5
55.7
Oct 2020
55.7
54.5
Sep 2020
54.5
55.1
Aug 2020
55.1
54.5
Jul 2020
54.5
55.7
Jun 2020
55.7
54.5
May 2020
54.5
47.6
Apr 2020
47.6
46.7
Mar 2020
46.7
27.5
Feb 2020
27.5
51.9
Jan 2020
51.9
52.6
Dec 2019
52.6
53.2
Nov 2019
53.2
52.0
Oct 2019
52.0

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